Navigation software vendor teleNav announced yesterday their financial earnings for the quarter ended September 30, 2012 (first quarter of fiscal 2013). the Automotive revenue (Ford) is now representing 20% of the total revenue of $46.0 million,...

Yelp today announced it has acquired Qype for $50 million, Europe's largest local reviews site. This acquisition brings a much larger footprint to Yelp in Europe, bringing more than two million reviews and 15 million unique visitors per month across...

Nokia today announced their financial earnings for the third quarter of 2012 posting net sales of €265 million (6% decrease year-on-year) for their Location and Commerce division that encompasses NAVTEQ and Nokia’s LBS software and platform. These...

GPS navigation software provider TeleNav today announced the acquisition of ThinkNear a privately-held, venture backed hyperlocal mobile advertising network for $22.5 million, including $18.5 million in cash. The ThinkNear location-based advertising...

According to Martijn den Drijver, Head of Equity Research at SNS Securities, there could be a mutually benefiting solution to Apple’s Map problem and TomTom’s low share value issue: a public to private transaction of the Dutch company in favour of...

Cisco announced last week the acquisition of location analytics start-up ThinkSmart Technologies based out of Cork, Ireland. Created in 2008, ThinkSmart Technologies, is a software company that delivers location data analysis using Wi-Fi technology....

United Kingdom-based Speedcam locator Road Angel is announcing today the acquisition of two of their competitors: RoadPilot and the PoGo brand, an asset of Origin Technologies Ltd. The financials of the transaction have not been disclosed but the...

GPS Business News learned that map data provider NAVTEQ (Nokia) had filed a complaint against navigation software provider TeleNav in the Circuit Court of Cook County (Illinois), on August 30, 2012. NAVTEQ is alleging breach of their Data License...

Local search company Yelp announced yesterday their financial results for the second quarter of the year, posting a net revenue of $32.7 million, a 67 percent growth from the second quarter of 2011. Net loss in the second quarter of 2012 was $2...

Garmin today announced their financial results for the second quarter of 2012, posting a revenue up 7 percent at $718 million and diluted earnings per share of $0.95, up 70 percent against the same quarter last year. “In the second quarter of 2012...

Last week German car maker Daimler announced an investment in the European ridesharing community start-up carpooling.com. Said to be the largest ridesharing community in the world, carpooling.com is transporting 1 million people a month across...